Saudi Basic Industries Corp. (SABIC), nominated its July urea price at SAR 1155 a ton in the local Saudi market, SAR 112 more than June’s price, Industry sources said.

 

The price of Diammonium phosphate (DAP) fertilizer in July stood at SAR 2130 a ton for the 9th consecutive month.

 

SABIC’s Fertilizers prices in the local market

DAP (SAR/tons)

Urea(SAR/tons)

Month

2130

1252

January 2014

2130

1360

February

2130

1360

March

2130

1211

April

2130

1136

May

2130

1043

June

2130

1155

July
 

SABIC, the Middle East’s largest company by market capitalization, produces urea and DAP through its subsidiaries including Saudi Arabia Fertilizers Co. (SAFCO),  Ibn al-Baytar National Chemical Fertilizer Company- a joint venture between SABIC and SAFCO- as well as al-Bayroni Fertilizer Company, a joint venture with Taiwan Fertilizer.

 

SABIC sells its fertilizers in Saudi Arabia at the international market price.

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